The balance sheet information of the Cornerstone Development Company at the end of 2016 and 2017 is as follows:

Contributed Capital:	2016	2017
Long-term liabilities	$ (a)	$ 33,100
Accumulated other comprehensive income	8,000	8,900
Working capital	17,900	19,800
Intangible assets	19,100	18,600
Common stock, $10 par	(b)	(i)
Total shareholders equity	(c)	179,000
Accumulated depreciation	(37,500)	(48,600)
Total liabilities	51,900	(j)
Current assets	(d)	39,800
Retained earnings	83,300	(k)
Total contributed capital	66,700	(l)
Total assets	(e)	(m)
Additional paid-in capital	(f)	(n)
Long-term investments	40,100	(o)
Current liabilities	(g)	(p)
Property, plant, and equipment	(h)	180,000

Additional information:

At the end of 2016,

the amount of long-term liabilities is twice the amount of current liabilities and

there are 2,900 shares of common stock outstanding.

During 2017, the company

issued 100 shares of common stock for $25 per share,

earned net income of $20,600, and

paid dividends of $1 per share on the common stock outstanding at year-end..

Required:

Determine the amounts for the letters (a) through (p). Prepare the correct balance sheet. All of the necessary information is provided. (Hint: It is not necessary to calculate your answers in alphabetical order.)

CORNERSTONE DEVELOPMENT COMPANY
Balance Sheet
December 31
	2016	2017
Current assets	$	$
Long-term investments
Property, plant, and equipment
Less: Accumulated depreciation
Intangible assets
Total assets	$	$
Current liabilities	$	$
Long-term liabilities
Total liabilities	$	$
Common stock, $10 par	$	$
Additional paid-in capital
Total contributed capital	$	$
Retained earnings
Accumulated other comprehensive income
Total Shareholders' Equity	$	$
Total liabilities & Shareholders' Equity	$	$